Wednesday, February 29, 2012

DreamWorks Animation posts decline in profit

Net income at DreamWorks Animation fails to meet forecasts and is sharply lower than in the same quarter in 2010. Factors include the release of two films rather than three and costs for releasing 'Puss in Boots.'

DreamWorks Animation saw a sharp decline in profit in the fourth quarter of 2011 compared with a year earlier, reflecting weak holiday DVD sales and higher releasing costs for its "Puss in Boots" movie.


Source: http://feeds.latimes.com/~r/latimes/business/~3/jkB4EGDejao/la-fi-ct-dreamworks-earns-20120229,0,781948.story

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